MGM Resorts International (MGM) income statement
NYSE · Consumer Cyclical · Gambling, Resorts & Casinos · 69,000 employees · CEO William Joseph Hornbuckle
- Price
- $29.96 +3.92%
- Market cap
- $7.58B
- Enterprise value
- $34.6B
- Last report
- Q3 '26 filed 2026-10-28
- Next report
- 2027-02-04 EPS est. $0.32
MGM Resorts International (MGM) reported revenue of $4.21B for Q3 '26 (-0.9% year on year), operating income of $119M (2.8% of revenue) and net income of -$17.1M. Over the last four quarters revenue was $17.7B.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.41B | $4.38B | $4.33B | $4.18B | $4.35B | $4.28B | $4.4B | $4.25B | $4.61B | $4.45B | $4.45B | $4.21B | |
| Cost of revenue | $2.41B | $2.36B | $2.32B | $2.32B | $2.39B | $2.32B | $2.45B | $2.4B | $2.58B | $2.46B | $2.47B | $2.48B | |
| Gross profit | $2B | $2.02B | $2B | $1.87B | $1.95B | $1.96B | $1.96B | $1.85B | $2.03B | $1.99B | $1.98B | $1.73B | |
| Research & development | $0 | $1.1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| General & administrative | $1.23B | $1.19B | $1.21B | $1.18B | $1.24B | $1.16B | $1.21B | $1.24B | $1.26B | $1.42B | $1.39B | $1.23B | |
| Other operating expenses | $352M | $369M | $368M | $376M | $418M | $407M | $341M | $718M | $444M | $269M | $80.9M | $386M | |
| Operating expenses | $1.58B | $1.56B | $1.58B | $1.55B | $1.66B | $1.57B | $1.55B | $1.96B | $1.7B | $1.69B | $1.48B | $1.61B | |
| Operating income | $419M | $458M | $426M | $315M | $292M | $385M | $405M | -$113M | $325M | $301M | $504M | $119M | |
| Interest expense | $107M | $110M | $113M | $112M | $109M | $107M | $106M | $102M | $104M | $101M | $102M | $103M | |
| Other non-operating income (gains on investments, FX ...) | -$1.15M | $4.94M | -$50.7M | -$93.8M | -$22.7M | $11M | $165M | $4.45M | $121M | -$1.7M | -$12M | -$5.82M | |
| Total non-operating income | -$99.3M | -$115M | -$154M | -$18.1M | -$85.9M | -$118M | -$271M | -$107M | -$118M | -$99M | -$90.1M | -$96.8M | |
| Income before tax | $320M | $343M | $271M | $297M | $206M | $267M | $134M | -$220M | $207M | $202M | $414M | $21.9M | |
| Income tax | -$59.5M | $43.7M | -$11.6M | $52.6M | -$32.2M | $40.1M | $15.7M | -$12.9M | -$87M | $27.5M | $90.7M | -$17.3M | |
| Net income | $313M | $217M | $187M | $185M | $157M | $149M | $49M | -$285M | $294M | $125M | $292M | -$17.1M | |
| EPS (basic) | $0.93 | $0.68 | $0.60 | $0.61 | $0.52 | $0.52 | $0.18 | -$1.05 | $1.11 | $0.49 | $1.12 | -$0.07 | |
| EPS (diluted) | $0.92 | $0.67 | $0.60 | $0.61 | $0.52 | $0.51 | $0.18 | -$1.05 | $1.11 | $0.48 | $1.11 | -$0.07 | |
| Shares (basic, weighted) | 338M | 320M | 311M | 300M | 298M | 287M | 273M | 273M | 265M | 256M | 254M | 252M | |
| Shares (diluted, weighted) | 340M | 324M | 314M | 303M | 299M | 289M | 276M | 273M | 265M | 259M | 258M | 252M | |
| Depreciation & amortization | $205M | $197M | $192M | $233M | $209M | $236M | $242M | $261M | $279M | $264M | $282M | $276M | |
| EBITDA | $626M | $650M | $668M | $642M | $523M | $610M | $481M | $143M | $482M | $567M | $798M | $401M |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.46B | $10.8B | $11.8B | $12.9B | $4.92B | $9.68B | $13.1B | $16.2B | $17.2B | $17.5B | |
| Cost of revenue | $5.5B | $6.19B | $6.92B | $7.6B | $3.21B | $5.03B | $6.65B | $8.55B | $9.39B | $9.75B | |
| Gross profit | $3.96B | $4.6B | $4.84B | $5.3B | $1.71B | $4.65B | $6.47B | $7.61B | $7.85B | $7.79B | |
| General & administrative | $1.38B | $1.56B | $1.76B | $2.1B | $2.12B | $2.51B | $4.23B | $4.7B | $4.83B | $4.88B | |
| Other operating expenses | $500M | $1.33B | $1.61B | -$745M | $229M | -$136M | $809M | $1.02B | $1.53B | $1.91B | |
| Operating expenses | $2.68B | $3.03B | $3.51B | $1.36B | $2.35B | $2.37B | $5.04B | $5.72B | $6.36B | $6.79B | |
| Operating income | $2.08B | $1.71B | $1.47B | $3.94B | -$642M | $2.28B | $1.44B | $1.89B | $1.49B | $1B | |
| Interest expense | $695M | $669M | $770M | $848M | $676M | $800M | $595M | $460M | $443M | $419M | |
| Other non-operating income (gains on investments, FX ...) | $126M | $137M | $139M | $246M | $1.35B | $17.3M | -$59.4M | $308M | -$69.8M | $302M | |
| Total non-operating income | -$819M | -$752M | -$835M | -$1.09B | -$869M | -$817M | -$536M | -$419M | -$373M | -$614M | |
| Income before tax | $1.26B | $961M | $634M | $2.85B | -$1.51B | $1.46B | $904M | $1.47B | $1.12B | $388M | |
| Income tax | $22.3M | -$1.13B | $50.1M | $632M | -$192M | $253M | $697M | $158M | $52.5M | -$44.1M | |
| Net income | $1.1B | $1.95B | $467M | $2.05B | -$1.03B | $1.25B | $1.47B | $1.14B | $747M | $206M | |
| EPS (basic) | $1.94 | $3.38 | $0.86 | $3.90 | -$2.67 | $2.44 | $0.51 | $3.22 | $2.42 | $0.77 | |
| EPS (diluted) | $1.92 | $3.34 | $0.85 | $3.88 | -$2.67 | $2.41 | $0.50 | $3.19 | $2.40 | $0.76 | |
| Shares (basic, weighted) | 568M | 572M | 544M | 524M | 494M | 482M | 409M | 355M | 307M | 265M | |
| Shares (diluted, weighted) | 573M | 579M | 550M | 528M | 494M | 487M | 413M | 359M | 310M | 265M | |
| Depreciation & amortization | $850M | $993M | $1.18B | $1.3B | $1.21B | $1.15B | $3.48B | $814M | $831M | $1.02B | |
| EBITDA | $2.8B | $2.57B | $2.51B | $5B | -$780M | $3.41B | $4.98B | $2.4B | $2.39B | $1.72B |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-02